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Problem 8 - 1 8 A Analyzing and journalizing notes receivable transactions LO 6 The following transactions are from Ohlm Company. ( Use 3 6
Problem A Analyzing and journalizing notes receivable transactions LO
The following transactions are from Ohlm Company. Use days a year.
Year
December Accepted a $day, note in granting Danny Todd a time extension on his pastdue account rece December Made an adjusting entry to record the accrued interest on the Todd note.
Year
February Received Todd's payment of principal and interest on the note dated December
March Accepted a $day note in granting a time extension on the pastdue account receivable from Company.
March Accepted a $day, note in granting Ava Privet a time extension on her pastdue account receiv
April Privet dishonored her note.
May Midnight Company dishonored its note.
August Accepted a $day, note in granting a time extension on the pastdue account receivable of Mu Company.
September Accepted a $day, note in granting Noah Carson a time extension on his pastdue account rece
November Received payment of principal plus interest from Carson for the September note.
November Received payment of principal plus interest from Mulan for the August note.
December Wrote off the Privet account against the Allowance for Doubtful Accounts.
Required:
a First, complete the table below to calculate the interest amount at December Year
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